In 2023, Canada's domestic food consumption of coconut oil was at 13.0 thousand metric tons. Forecasts from 2024 to 2028 maintain a constant level of consumption at 13.0 thousand metric tons annually. This stability indicates no expected year-on-year variation in consumption. Consequently, the compound annual growth rate (CAGR) over this period is 0%, suggesting no anticipated growth or contraction in the domestic market for coconut oil.

Future trends to watch for include:

Potential shifts in consumer preferences towards plant-based or alternative oils.
Emerging health trends influencing dietary fat consumption.
Impact of economic factors on consumer buying power and choices.
Innovation in product formulations that may incorporate coconut oil.